Pensions

Make sense of UK pension schemes and their tax benefits. Topics include different pension types, tax relief, changing jobs and providing for dependants.

Approved and Unapproved Schemes

Approved occupational pension schemes offer security, while unapproved options like executive pension plans give directors more control over their investments.

Defined Benefit Schemes

How defined benefit pension schemes guarantee what you'll receive at retirement, unlike newer contribution-based plans.

Defined Contribution Schemes

How defined contribution pensions work and why they've become the standard in the UK.

Group Personal Pensions

Group personal pensions let employers offer their staff a pension option that works like a personal pension but grouped together for better rates.

Payment of Pensions

Once you start drawing your pension, it'll be paid directly into your bank account, though a few other payment options exist depending on your provider.

Pension Provisions for Dependants

Your pension might pay out to dependants if you die, but the amount depends on your scheme and what you've set up.

Pension Tax Relief

How pension contributions reduce your tax bill and boost your retirement savings.

Pensions and Changing Employment

Moving between jobs means making choices about your pensions, here's what happens to occupational and personal schemes when you change employment.

Personal Pension Schemes

Set up a personal pension outside your workplace scheme and get tax relief on contributions up to 100% of your earnings.

Small Self-Administered Pension Schemes

Director-run companies can use SSASs to invest pension funds with fewer restrictions than traditional occupational schemes.

Understanding Stakeholder Pensions

How stakeholder pensions work and whether they're right for your retirement savings.

Why Join a Pension Scheme?

The basic state pension isn't enough to live on in retirement, so here's why a pension scheme matters for your future.